The possible bearish scenario remains intact as long as the trades remain below the 4 hour chart’s bearish line, targets remain around the 61.8% Fibonacci level at 0.6960 as the first target and the breach may extend from the downside to the 0.6840 support as the second target.
A break of the 4-hour downtrend above 0.7145 might be enough to thwart the downside scenario and the pair could then push to target resistance 0.7215 as the first target and resistance at 0.7290 as the second target.
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